Pune, India: Praj Industries, a global process solutions
company has appointed Mr. Shishir Joshipura as the CEO and Managing Director
, with effect from 2nd April 2018.

Mr. Joshipura is a Mechanical Engineer from BITS Pilani and an Advanced
Management Graduate from Harvard Business School. Prior to joining Praj,
he was Managing Director and Country Manager of SKF India Ltd from 2009.

Commenting on the appointment, Mr. Pramod Chaudhari, Executive Chairman of
Praj Industries said, "I welcome Shishir on board as the new CEO and
Managing Director at Praj. He brings with him over 35 years of track record
at various leadership levels, deep understanding of local and global markets
, besides sound industry background. We are confident that Shishir will
steer Praj through the next phase of growth. Demand for renewable fuels has
been growing at an exponential rate and we anticipate ethanol to emerge as
the preferred choice given its properties as clean and sustainable fuel".

"Businesses around the world have strong focus on sustainability
from the energy, economic and environmental considerations." said Mr
Joshipura. "With global renewable energy industry gaining momentum, Bio
-energy space presents unprecedented opportunity. Praj is one of the leading
players in the bio-energy solutions, globally. The unfolding opportunity
presents a canvas for driving Praj's growth to next level and I am looking
forward to lead this exciting journey."

Praj is a major global player in the environment, energy and agri processing
led applications. The Company is a frontrunner in the 2nd generation ethanol
technology. Praj's own and India's first integrated 2nd gen demonstration
biorefinery has been operational since December 2016. Indian Oil
Marketing Companies are setting up several 2nd gen biorefineries in India,
where Praj has been selected as the technology partner for multiple
projects. Also, several overseas customers are discussing Praj's 2nd gen
technology for biorefinery plants in different countries.